IA Fintech Member Insights: VendEx Solutions
San Francisco, January 28, 2020 – VendEx Solutions, a San Francisco-based SaaS company with offices in London, Birmingham, New York, and Charleston, SC, announces the launch of VReg, the latest product to come to market within its centralized utility for financial services market data management since the company was launched last year.
VReg maps a customer’s vendor reliance by regulation and by instance, giving market data vendor managers and end users a comprehensive overview of their vendor reliance they leverage to meet their regulatory compliance needs. Users filter by a number of criteria, including by regulation, clause, asset class, sub-asset class and data compliance, as well as cross-sectioning for the regional requirements in the Americas, EMEA, and APAC. VendEx Solutions has a dedicated team to monitor changes to regulations in its database and provides annual assessments for its customers of delta’s that impact vendor reliance, as well changes to the vendor landscape. Although VReg is a service, subscribers to other products in VendEx Solutions’ centralized market data hub will be able to see a VReg integration that adds a regulatory overlay to other products, as well as source other vendors to meet their evolving regulatory compliance needs.
“VReg grew out of an extensive consulting project where our team reviewed relevant compliance regulations for a client who needed to understand how a specific service could meet the requirements of a number of existing and forthcoming regulations, by region and asset class,” said Richard Clements, CEO of VendEx Solutions. “This regulatory layer addressed a huge concern for financial services firms as they evaluate vendors and fintechs to ensure that the products and services they buy meet their compliance requirements. We’re excited to take this next step toward VendEx Solutions becoming the centralized hub for the financial services market data industry.”
About VendEx Solutions
VendEx Solutions, the centralized market data hub, is re-engineering market data and vendor management. VendEx is helping financial services firms face today’s challenging environment with a full suite of integrated tools designed to serve both financial services market data management and financial technology vendors. Leveraging deep industry knowledge, we work with the world’s largest market participants to create, design, and ultimately deploy the only centralized utility with tools built by the industry, for the industry.
VendEx Solutions is a Fintech member of the UK Investment Association’s Velocity program, which is designed to identify, develop, and accelerate best in class firms with innovative solutions, facilitating the adoption of technology within asset management and capital markets. Headquartered in San Francisco, VendEx Solutions serves global financial services companies from offices in London and Birmingham in the UK, as well as New York, and Charleston, SC.